Common use of No Deductions Clause in Contracts

No Deductions. All payments of principal or interest under the Note shall be made without deduction of any present and future taxes, levies, deductions, charges or withholding, which amounts shall be paid by Borrower. Borrower will pay the amounts necessary such that the gross amount of the principal and interest received by Lender is not less than that required by the Note.

Appears in 8 contracts

Sources: Construction Loan Agreement, Revolving Line of Credit Loan Agreement, Revolving Line of Credit Loan Agreement (TRI Pointe Homes, Inc.)

No Deductions. All payments of principal or interest under the Note shall be made without deduction of any present and future taxes, levies, imposts, deductions, charges or withholdingwithholdings, which amounts shall be owed and paid by Borrower. Borrower will pay the amounts necessary such that the gross amount of the principal and interest received by Lender is not less than that required by the Note.

Appears in 7 contracts

Sources: Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.), Loan Agreement (NNN Healthcare/Office REIT, Inc.), Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.)

No Deductions. All payments of principal or interest hereunder or under the Note shall be made (i) without deduction of any present and future taxes, levies, imposts, deductions, charges or withholdingwithholdings, which amounts shall be paid by Borrower, and (ii) without any other set off. Borrower will pay the amounts necessary such that the gross amount of the principal and interest received by Lender is not less than that required hereby and by the Note.

Appears in 4 contracts

Sources: Credit Agreement (Utah Medical Products Inc), Credit Agreement (Franklin Covey Co), Revolving Line of Credit Agreement (Franklin Covey Co)

No Deductions. All payments of principal or interest under the Note shall must be made without deduction of any present and future taxes, levies, deductions, charges or withholding, which amounts shall must be paid by Borrower. Borrower will must pay the amounts necessary such that the gross amount of the principal and interest received by Lender ▇▇▇▇▇▇ is not less than that required by the Note.

Appears in 3 contracts

Sources: Loan Agreement, Loan Agreement, Loan Agreement

No Deductions. All payments of principal or interest under the Note Notes shall be made without deduction of any present and future taxes, levies, imposts, deductions, charges or withholdingwithholdings, which amounts shall be owed and paid by Borrower. Borrower will pay the amounts necessary such that the gross amount of the principal and interest received by Lender the Lenders is not less than that required by this Agreement and the NoteNotes.

Appears in 2 contracts

Sources: Loan Agreement (Hudson Pacific Properties, Inc.), Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.)

No Deductions. All payments of principal or interest under the Note Notes shall be made (i) without deduction of any present and future taxes, levies, imposts, deductions, charges or withholdingwithholdings of any nature whatsoever, which amounts shall be paid by Borrower, and (ii) without any other set off. Borrower will pay the amounts necessary such that the gross amount of the principal and interest received by Lender is not less than that required by the NoteNotes.

Appears in 1 contract

Sources: Revolving Accounts Receivable Loan and Line of Credit Loan Agreement (Integrated Financial Systems Inc)

No Deductions. All payments of principal or interest under the Note shall be made without deduction of any present and future taxes, levies, imposts, deductions, charges or withholding, which amounts shall be paid by Borrower. Borrower will pay the amounts necessary such that the gross amount of the principal and interest payments received by Lender is not less than that required by the Note.

Appears in 1 contract

Sources: Loan and Security Agreement (Nicholas Financial Inc)

No Deductions. All payments of principal or interest under the Note shall be made without deduction of any present and future taxes, levies, imposts, deductions, charges or withholdingwithholdings, which amounts shall be paid by Borrower. Borrower will pay the amounts necessary such that the gross amount of the principal and interest received by Lender is not less than that required by the Note.

Appears in 1 contract

Sources: Loan Agreement (Schuler Homes Inc)